Earnings per Share

3 Months Ended

Mar. 31, 2016

The following table summarizes the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computations:



	For the Three Months Ended March 31,
	2016		2015
Weighted average common shares issued	105,563,455		105,563,455
Average treasury stock shares	(16,623,094	)	(14,503,976	)
Average unearned nonvested shares	(100,273	)	(183,755	)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	88,840,088		90,875,724
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	5,113		13,311
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	88,845,201		90,889,035

The following table shows the number of shares and the price per share related to common stock equivalents that were not included in the computation of diluted earnings per share for the three months ended March 31 because to do so would have been antidilutive.



	2016			2015
		Price Range			Price Range
	Shares	From	To	Shares	From	To
Restricted Stock	88,508	7.21	9.84	118,390	7.35	9.26